The manager of the 7 trillion Norwegian kroner ($890 billion) sovereign wealth fund said in a statement Sunday that it will acquire the 45% stake for $2.3 billion from KTR Capital Partners. The acquisition is part of a joint venture with real estate firm Prologis, which will acquire the remaining 55%, and will manage the assets.

The deal is expected to close with 30 to 60 days, said the statement. Law firm Mayer Brown represented Prologis on the deal.